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Tata Steel shares hit new 52-week high following UK joint investment announcement

Investing.com
·1 min read

Tata Steel Ltd, a leading steel manufacturer, saw its shares ascend to a new 52-week high on the National Stock Exchange (NSE) today, Monday. The shares rose by over 2% to reach Rs 135 each ($1 = INR83.326), surpassing the previous peak of Rs 133.15 achieved last Thursday.

The surge in share prices was prompted by the recent disclosure of a substantial joint investment package between Tata Steel and the United Kingdom. Announced last week, this 1.25 billion-pound (£1 = $1.2396) package includes a significant government grant of 500 million pounds dedicated to the largest steelworks in Wales.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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